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Optimal Borrowing Policies For Developing Countries
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Book Synopsis International Borrowing by Developing Countries by : Marilyn J. Seiber
Download or read book International Borrowing by Developing Countries written by Marilyn J. Seiber and published by Elsevier. This book was released on 2013-10-22 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: International Borrowing by Developing Countries analyzes the various aspects of developing-country debt. The title covers various concepts such as theory of borrowing, official and private debt, petrofund recycling, and debt relief. The text first deals with role of external capital and debt in economic development, and then proceeds to examining the historical debt experience of the now-creditor countries. Next, the selection tackles the official bilateral and multilateral debt along with its patterns, magnitude, and the procedures and experience of official debt rescheduling. The text also analyzes the private Eurocurrency debt and the official positions on debt relief and reviews proposals for recycling petrofunds and providing new sources of financing. The last part deals with the political factors that will affect external debt, as well as recommendations for future policy. The book will be of great interest to economists, political scientists, game theorists, and sociologists.
Book Synopsis Optimal Borrowing Policies for Developing Countries by : International Monetary Fund
Download or read book Optimal Borrowing Policies for Developing Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 1987-06-10 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a theoretical framework for analyzing external debt policies of developing countries and applies it to assess the cases of three Asian countries, namely Korea, the Philippines, and Thailand. The “optimal debt policy” for a developing country is characterized in the first part of the paper. In the second, the experiences of these three countries during the period 1965–83 are compared with this theoretical benchmark. The empirical results show that, during this period, Korea was quite successful in managing its external debt, while the Philippines was less successful. The case of Thailand, in many respects, fell in between the other two, although closer to that of Korea.
Book Synopsis Optimal Borrowing Policies for Developing Countries: the Case of Korea, the Philippines and Thailand 1965-83 by : A. Alesina
Download or read book Optimal Borrowing Policies for Developing Countries: the Case of Korea, the Philippines and Thailand 1965-83 written by A. Alesina and published by . This book was released on 1987 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Grants Versus Loans by : Tito Cordella
Download or read book Grants Versus Loans written by Tito Cordella and published by International Monetary Fund. This book was released on 2004-09 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Under what conditions should grants be preferred to loans? To answer this question, we present a simple model à la Krugman (1988) and show that, for any given level of developmental assistance, the optimal degree of loan concessionality is positively associated with economic growth if countries are poor, have bad policies, and high debt obligations. We then test our model by estimating a modified growth model for a panel of developing countries, and find evidence supporting our predictions. Finally, we assess the determinants of current aid allocations and find that the degree of concessionality is negatively correlated with countries' levels of development.
Book Synopsis Optimal Borrowing Policies for Developing Countries by : International Monetary Fund. Asian Department
Download or read book Optimal Borrowing Policies for Developing Countries written by International Monetary Fund. Asian Department and published by . This book was released on 1987 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Adjustment Lending Revisited by : Vittorio Corbo
Download or read book Adjustment Lending Revisited written by Vittorio Corbo and published by . This book was released on 1992 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Political Economy of Conditional and Unconditional Foreign Assistance by : Mr.Wolfgang Mayer
Download or read book The Political Economy of Conditional and Unconditional Foreign Assistance written by Mr.Wolfgang Mayer and published by International Monetary Fund. This book was released on 2004-03-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Improving the effectiveness of financial assistance programs is a priority of international financial institutions (IFIs). This paper examines the effectiveness of alternative assistance instruments in a dynamic political economy framework. Economic policies of the receiving country are distorted by the influence of a domestic interest group. The assistance-providing IFI aims at reducing these distortions. The IFI provides assistance either as grants or loans, and either conditionally on reducing policy distortions or unconditionally. The paper shows that, other things constant, one-time grants are more effective than loan rollovers when assistance is unconditional, but that the opposite is true when assistance is conditional.
Book Synopsis Development Policy in the Twenty-First Century by : Ben Fine
Download or read book Development Policy in the Twenty-First Century written by Ben Fine and published by Taylor & Francis. This book was released on 2023-05-09 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: This excellent book, newly available in paperback, addresses the growing dissatisfaction with the neo-liberal post-Washington consensus. The concern of the contributors in writing this collection was that this consensus has established itself as a new orthodoxy, more powerful and widespread than its predecessor. This broad-ranging critique explains that without a much broader political economy the consensus is unlikely to provide a coherent framework for successful development policies. Development Policy in the 21st Century is unique in its depth and assesses the postures of the new consensus topic by topic, whilst posing strong alternatives. It will improve and stimulate the reader's understanding of this important area, and is required reading for any student, academic or interested reader that wishes to understand one of the most important issues in international economics.
Book Synopsis Foreign Borrowing and Export Promotion Policies by : International Monetary Fund
Download or read book Foreign Borrowing and Export Promotion Policies written by International Monetary Fund and published by International Monetary Fund. This book was released on 1989-01-01 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper considers the problem of allocation of investment for a debtor country that faces a ceiling on the amount of foreign debt it can accumulate. It shows that it is optimal for the debtor country to create a more open economy by favoring investment in the export sector over investment in the import-competing sector. The reason is that a more open economy is more sensitive to trade sanctions and therefore more creditworthy in international markets. Because international creditworthiness is basically an externality, there is a role for policy to provide higher returns to export producing activities.
Book Synopsis Macroprudential Policy, Incomplete Information and Inequality by : Margarita Rubio
Download or read book Macroprudential Policy, Incomplete Information and Inequality written by Margarita Rubio and published by International Monetary Fund. This book was released on 2017-03-22 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we use a DSGE model to study the passive and time-varying implementation of macroprudential policy when policymakers have noisy and lagged data, as commonly observed in lowincome and developing countries (LIDCs). The model features an economy with two agents; households and entrepreneurs. Entrepreneurs are the borrowers in this economy and need capital as collateral to obtain loans. The macroprudential regulator uses the collateral requirement as the policy instrument. In this set-up, we compare policy performances of permanently increasing the collateral requirement (passive policy) versus a time-varying (active) policy which responds to credit developments. Results show that with perfect and timely information, an active approach is welfare superior, since it is more effective in providing financial stability with no long-run output cost. If the policymaker is not able to observe the economic conditions perfectly or observe with a lag, a cautious (less aggressive) policy or even a passive approach may be preferred. However, the latter comes at the expense of increasing inequality and a long-run output cost. The results therefore point to the need for a more careful consideration toward the passive policy, which is usually advocated for LIDCs.
Book Synopsis Debt, Adjustment, and Poverty in Developing Countries: National and international dimensions of debt and adjustment in developing countries by : David Woodward
Download or read book Debt, Adjustment, and Poverty in Developing Countries: National and international dimensions of debt and adjustment in developing countries written by David Woodward and published by . This book was released on 1992 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Policy in a Demographically Divided World by : Hendrik P. van Dalen
Download or read book Economic Policy in a Demographically Divided World written by Hendrik P. van Dalen and published by Purdue University Press. This book was released on 1991 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses the economic policy concerning a demographically divided world.
Book Synopsis The Economics Of International Debt Renegotiation by : Boon-Chye Lee
Download or read book The Economics Of International Debt Renegotiation written by Boon-Chye Lee and published by Routledge. This book was released on 2019-09-06 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author considers the risks that the failure of Third World economies pose for highly exposed banks, whose collapse would threaten domestic as well as international financial systems.
Book Synopsis Debt and the developing countries by : Norman Gemmell
Download or read book Debt and the developing countries written by Norman Gemmell and published by . This book was released on 1986 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Theoretical and Policy-Oriented Aspects of the External Debt Economics by : Chris Czerkawski
Download or read book Theoretical and Policy-Oriented Aspects of the External Debt Economics written by Chris Czerkawski and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past approach to the international debt crisis has been traditionally based on conventional banking principle in which debt had to be paid back in fuH and in time. International lending was a function of the perceived credit standing of debtor country and the return on investment (ROI). If debtor country run into difficulties and had problems with service payments - it was generally assumed that the debt-related expenditures were mismanaged. With economic stability and firm financial rules - the debt crisis was supposed to disappear after application of appropriate adjustment measures. However in the world of inconsistent lending criteria greater uncertainty and increased volatility of expectations - the problem has continued to get worse. At the beginning of the 1990s a number of countries are more indebted than at any other time in the past. Until mid 1980s extern al debt economics has been rather a disembodied concept for most economists and business leaders. The main reason for this neglect of one of the most important macroeconomic categories was difficulty of distinguishing terminologically and methodologically the domestic determinants of national expenditures from the external ones. Then there were conceptual problems in distinguishing the functional determinants of macroeconomic liquidity from external and domestic determinants of macro-economic solvency. Moreover many studies of the debt crisis were one-sided. Usually debt was seen as a 'white-black' phenomenon with debtor countries accusing creditor countries for causing the crisis and vice versa.
Book Synopsis Trade and Industrial Policy in Developing Countries by : David Greenaway
Download or read book Trade and Industrial Policy in Developing Countries written by David Greenaway and published by University of Michigan Press. This book was released on 1993 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comprehensive coverage of trade policy theory for the developing world
Book Synopsis Optimal Lending Policies for the Inter-American Development Bank by : Axel Peuker
Download or read book Optimal Lending Policies for the Inter-American Development Bank written by Axel Peuker and published by . This book was released on 1989 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
